Financial Performance - The group's revenue increased by approximately 27.3% from about HKD 408.5 million in the previous fiscal year to approximately HKD 520.2 million in the fiscal year ending March 31, 2022[15]. - Gross profit rose by approximately 33.9% from about HKD 59.3 million in the previous fiscal year to approximately HKD 79.4 million in the fiscal year ending March 31, 2022[16]. - The gross profit margin improved to approximately 15.3%, up from about 14.5% in the previous fiscal year, reflecting effective cost control measures[16]. - The group recorded a profit attributable to shareholders of approximately HKD 32.5 million in FY2022, down from HKD 40.5 million in FY2021[21]. - The company reported a significant increase in revenue, achieving a total of HKD 1.2 billion, representing a year-on-year growth of 15%[71]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[71]. Cost Management - Administrative and other operating expenses increased by approximately 5.3% from HKD 47.4 million in FY2021 to HKD 49.9 million in FY2022[18]. - Financial costs decreased from HKD 5.5 million in FY2021 to HKD 2.6 million in FY2022, primarily due to lower interest on lease liabilities[19]. - Strategic cost control measures will be implemented to mitigate the negative impacts of global economic uncertainties[10]. - The company aims to reduce operational costs by 5% through improved supply chain management practices[71]. Customer Relations and Market Outlook - The company remains optimistic about future business performance despite macroeconomic challenges, focusing on customer acquisition and service quality improvement[10]. - The company aims to maintain strong relationships with existing customers while actively seeking new clients to enhance revenue growth[14]. - The demand for air freight and logistics services is expected to gradually recover as pandemic restrictions ease and vaccination efforts continue[14]. - The overall market for air freight services is showing signs of recovery, with an increase in cargo handling volumes[9]. - Customer satisfaction ratings improved to 90%, reflecting enhanced service delivery and operational performance[71]. Investments and Expansion - The company has successfully acquired new clients in the air freight ground handling service sector, strengthening its customer base[14]. - The group has identified suitable warehouse properties and is in the process of securing properties that meet its rental terms[34]. - The group has purchased ten additional 16-ton trucks as part of its strategy to update existing facilities and expand operational capacity[42]. - New product launches are expected to contribute an additional HKD 200 million in revenue, with a focus on logistics technology solutions[71]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share over the next two years[71]. Corporate Governance - The company is committed to maintaining high levels of corporate governance to build trust with shareholders and stakeholders, which is essential for long-term value creation[92]. - The board has confirmed compliance with all applicable corporate governance code provisions during the fiscal year 2022[93]. - The board's responsibilities include overseeing the company's overall strategy, business performance, financial performance, internal controls, and risk management systems[95]. - The company has adopted the principles and code provisions of the corporate governance code as set out in the Listing Rules[93]. - The company has established a standard code of conduct for directors regarding securities trading, confirming compliance with the regulations during the fiscal year 2022[94]. Risk Management and Internal Controls - The company maintains an effective internal control and risk management system, with annual reviews conducted by the board to assess its effectiveness[144]. - The audit committee reviewed the internal control system and found it effective and sufficient for the fiscal year 2022[147]. - The independent auditor, Guo Wei CPA Limited, received approximately HKD 900,000 for audit services during the fiscal year 2022, with no non-audit services provided[137]. Shareholder Relations and Dividends - The board proposed a final dividend of HKD 0.025 per share, amounting to approximately HKD 25.0 million, down from HKD 0.030 per share in the previous year[40]. - The board's dividend policy considers actual and expected financial performance, shareholder interests, and future capital requirements[156]. - The company will continue to review its dividend policy and retains the discretion to update or modify it at any time[158]. Employee and Management Compensation - The total employee cost for the year ended March 31, 2022, was approximately HKD 137.3 million, compared to HKD 135.7 million for the previous year[28]. - The remuneration for senior management ranges from HKD 1,000,001 to HKD 2,000,000, with 2 individuals in this salary bracket[190]. - The company's remuneration policy includes a fixed component (base salary) and a variable component (discretionary bonuses and other rewards) based on various performance factors[191].
亚洲实业集团(01737) - 2022 - 年度财报